Question 1

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

Accepted Answer

A) True 
 B)False

Question 2

A jury trial is available in the following trial court:

Accepted Answer

A) U.S.Tax Court. 
B) U.S.Court of Federal Claims. 
C) U.S.District Court. 
D) U.S.Circuit Court of Appeals. 
E) None of these. 
A) U.S.Tax Court. 
B) U.S.Court of Federal Claims. 
C) U.S.District Court. 
D) U.S.Circuit Court of Appeals. 
E) None of these.

Question 3

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

Accepted Answer

A) True 
 B)False

Question 4

In § 212(1), the number (1) stands for the:

Accepted Answer

A) Section number. 
B) Subsection number. 
C) Paragraph designation. 
D) Subparagraph designation. 
E) None of these. 
A) Section number. 
B) Subsection number. 
C) Paragraph designation. 
D) Subparagraph designation. 
E) None of these.

Question 5

How can Congressional Committee Reports be used by a tax researcher?

Accepted Answer

Congressional Committee Reports often ex

Question 6

Memorandum decision of the U.S.Tax Court could be cited as:

Accepted Answer

A) T.C.Memo.1990-650. 
B) 68-1 USTC ¶9200. 
C) 37 AFTR.2d 456. 
D) All of the above. 
E) None of these. 
A) T.C.Memo.1990-650. 
B) 68-1 USTC ¶9200. 
C) 37 AFTR.2d 456. 
D) All of the above. 
E) None of these.

Question 7

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

Accepted Answer

A) True 
 B)False

Question 8

The term petitioner is a synonym for defendant.

Accepted Answer

A) True 
 B)False

Question 9

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

Accepted Answer

There is no appeal from the Small Cases

Question 10

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

Accepted Answer

A) True 
 B)False

Question 11

A U.S.District Court is considered the lowest trial court.

Accepted Answer

A) True 
 B)False

Question 12

A tax professional need not worry about the relative weight of authority within the various tax law sources.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following types of Regulations has the highest tax validity?

Accepted Answer

A) Temporary 
B) Legislative 
C) Interpretive 
D) Procedural 
E) None of these 
A) Temporary 
B) Legislative 
C) Interpretive 
D) Procedural 
E) None of these

Question 14

Which is presently not a major tax service?

Accepted Answer

A) Standard Federal Tax Reporter 
B) Federal Taxes 
C) United States Tax Reporter 
D) Tax Management Portfolios 
E) All of these are major tax services 
A) Standard Federal Tax Reporter 
B) Federal Taxes 
C) United States Tax Reporter 
D) Tax Management Portfolios 
E) All of these are major tax services

Question 15

Electronic (online) databases are most frequently searched by the keyword approach.

Accepted Answer

A) True 
 B)False

Question 16

Which company does not publish citators for tax purposes?

Accepted Answer

A) John Wiley & Sons 
B) Commerce Clearing House 
C) Thomson Reuters (RI
A)  
D) Westlaw 
E) Shepard's 
A) John Wiley & Sons 
B) Commerce Clearing House 
C) Thomson Reuters (RI
A)  
D) Westlaw 
E) Shepard's

Question 17

Which citation refers to a Second Circuit Court of Appeals decision?

Accepted Answer

A) 40 T.C.1018. 
B) 159 F.2d 848 (CA-2, 1947). 
C) 354 F.Supp.1003 (D.Ct.GA.1972). 
D) 914 F.2d 396 (CA-3, 1990). 
E) None of these. 
A) 40 T.C.1018. 
B) 159 F.2d 848 (CA-2, 1947). 
C) 354 F.Supp.1003 (D.Ct.GA.1972). 
D) 914 F.2d 396 (CA-3, 1990). 
E) None of these.

Question 18

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

Accepted Answer

The U.S.Tax Court hears only tax cases a

Question 19

This Internal Revenue Code section citation is incorrect: § 212(1).

Accepted Answer

A) True 
 B)False

Question 20

The following citation could be a correct citation: Rev.Rul.95-271,1995-64 I.R.B.18.

Accepted Answer

A) True 
 B)False

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

A jury trial is available in the following trial court:

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

In § 212(1), the number (1) stands for the:

How can Congressional Committee Reports be used by a tax researcher?

Memorandum decision of the U.S.Tax Court could be cited as:

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

The term petitioner is a synonym for defendant.

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

A U.S.District Court is considered the lowest trial court.

A tax professional need not worry about the relative weight of authority within the various tax law sources.

Which of the following types of Regulations has the highest tax validity?

Which is presently not a major tax service?

Electronic (online) databases are most frequently searched by the keyword approach.

Which company does not publish citators for tax purposes?

Which citation refers to a Second Circuit Court of Appeals decision?

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

This Internal Revenue Code section citation is incorrect: § 212(1).

The following citation could be a correct citation: Rev.Rul.95-271,1995-64 I.R.B.18.

Introduction to Taxation

Taxes on the Financial Statements

Gross Income

Business Deductions

Losses and Loss Limitations

Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges

Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions

Individuals As the Taxpayer

Individuals: Income, Deductions, and Credits

Individuals As Employees and Proprietors

Corporations: Organization, Capital Structure, and Operating Rules

Corporations: Earnings and Profits and Distributions

Partnerships and Limited Liability Entities

S Corporations

Multijurisdictional Taxation

Business Tax Credits and the Alternative Minimum Tax

Comparative Forms of Doing Business

Filters

Exam 2: Working With the Tax Law

Rules of tax law do not include Revenue Rulings and Revenue Procedures.

A jury trial is available in the following trial court:

A taxpayer must pay any tax deficiency assessed by the IRS and sue for a refund to bring suit in the U.S.Court of Federal Claims.Only in the Tax Court can jurisdiction be obtained without first paying the assessed tax deficiency.

In § 212(1), the number (1) stands for the:

How can Congressional Committee Reports be used by a tax researcher?

Memorandum decision of the U.S.Tax Court could be cited as:

Subchapter D refers to the "Corporate Distributions and Adjustments" section of the Internal Revenue Code.

The term petitioner is a synonym for defendant.

Discuss the advantages and disadvantages of the Small Cases Division of the U.S.Tax Court.

In a U.S.District Court, a jury can decide both questions of fact and questions of law.

A U.S.District Court is considered the lowest trial court.

A tax professional need not worry about the relative weight of authority within the various tax law sources.

Which of the following types of Regulations has the highest tax validity?

Which is presently not a major tax service?

Electronic (online) databases are most frequently searched by the keyword approach.

Which company does not publish citators for tax purposes?

Which citation refers to a Second Circuit Court of Appeals decision?

Distinguish between the jurisdiction of the U.S.Tax Court and a U.S.District Court.

This Internal Revenue Code section citation is incorrect: § 212(1).

The following citation could be a correct citation: Rev.Rul.95-271,1995-64 I.R.B.18.

Introduction to Taxation

Taxes on the Financial Statements

Gross Income

Business Deductions

Losses and Loss Limitations

Property Transactions: Basis, Gain and Loss, and Nontaxable Exchanges

Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions

Individuals As the Taxpayer

Individuals: Income, Deductions, and Credits

Individuals As Employees and Proprietors

Corporations: Organization, Capital Structure, and Operating Rules

Corporations: Earnings and Profits and Distributions

Partnerships and Limited Liability Entities

S Corporations

Multijurisdictional Taxation

Business Tax Credits and the Alternative Minimum Tax

Comparative Forms of Doing Business

Filters